Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy.

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our Privacy Policy and User Agreement for details.

Medicaid is a means test – income and resources (do you have money in savings?)4 different types of medicaid:Nursing home – senior pays almost all of their income to nursing home and medicaid pays the rest.Qualified Individual Medicaid (Q-track) pay for medicare premiums. People with traditional medicare actually do pay monthly premiums just like you pay for ins except these amounts are deducte from your SS check. in this situation, your premium is covered and perhaps even your co payment. if you qualty for Q-track, you probably also qualify for low income sub. This pays for your prescription drug premium and you also get reduced or possibly no copay on presription drug.If your expenses after medicare are so small that you only net a few hundred dollars a month, you may qualify for medically needy medicaid – because you can’t pay meidcal and food – so medicaid picks up remainder of expenses.We’re also seeing a lot of seniors who qualify for payment thorugh the VA. Generally if you have service-related injuries, you can qualify for services through the VA. Services vary from state to state. there are reasons to go to VA, you can get prescription drugs and medical applicances (which medicaid won’t pay for). If you were in vietnam and in a combat zone and experienced some hearing loss as a result of loss incurred during your service. there are also a variety of medical condisiotns, like if you can demonstrate that you were exposed to a situation that led to the development of diabaetes, you can get coverage for that.

Medicaid is a means test – income and resources (do you have money in savings?)4 differnet types of medicaid:Nursing home – senior pays almost all of their income to nursing home and medicaid pays the rest.Qualified Individual Medicaid (Q-track) pay for medicare premiums. People with traditional medicare actually do pay monthly premiums just like you pay for ins except these amounts are deducte from your SS check. in this situation, your premium is covered and perhaps even your co payment. if you qualty for Q-track, you probably also qualify for low income sub. This pays for your prescription drug premium and you also get reduced or possibly no copay on presription drug.If your expenses after medicare are so small that you only net a few hundred dollars a month, you may qualify for medically needy medicaid – because you can’t pay meidcal and food – so medicaid picks up remainder of expenses.We’re also seeing a lot of seniors who qualify for payment thorugh the VA. Generally if you have service-related injuries, you can qualify for services through the VA. Services vary from state to state. there are reasons to go to VA, you can get prescription drugs and medical applicances (which medicaid won’t pay for). If you were in vietnam and in a combat zone and experienced some hearing loss as a result of loss incurred during your service. there are also a variety of medical condisiotns, like if you can demonstrate that you were exposed to a situation that led to the development of diabaetes, you can get coverage for that.

7.
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Elder Law
Medicaid: Function
MEDICAID vs. MEDICARE
• To provide a medical and long term care safety net to our
elderly and disabled.
• Medicaid waiver programs increasingly provide support services
allow elderly and disabled to remain in the community instead
of moving to a nursing home for long-term care.

8.
Wills & Estate Planning  Probate & Administration
Tax Planning  Business Succession  Elder Law
Help Is Available
MEDICAID vs. MEDICARE
Finding the right mix of Medicare, private coverage, and Medicaid can
be confusing and complicated. To qualify for Medicaid benefits, legal
representation is increasingly necessary.
Our Elder Law specialists have significant experience helping elderly
and disabled individuals and their families ensure the best outcome
for all concerned. Please call us if we can be of assistance.